IAIM warns of overseas property risks

THE Irish Association of Investment Managers (IAIM) yesterday expressed concern about the advertising of overseas properties.

The IAIM said property firms are advertising overseas properties claiming investors can make huge returns, but many of these ads are being run without proper disclosures of risk.

"Given the strict standards of advertising and regulation that correctly apply to the investment and pensions industry, we believe a similar code should apply to the sale of property, whether it is overseas or domestic," IAIM retail funds chairman Gary Connolly said.